Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What are Delta's total estimated future minimum lease payments related to operating type leases? What are Delta's total estimated future minimum lease payments related to
What are Delta's total estimated future minimum lease payments related to operating type leases? What are Delta's total estimated future minimum lease payments related to finance-type leases? If these are future obligated payments, why are these amounts different from what is identified as a liability on Delta's balance sheet?
Undiscounted Cash Flows The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the finance lease liabilities and operating lease liabilities recorded on the balance sheet. Future lease cash flows and reconciliation to the balance sheet (in millions) 2022 2023 2024 2025 2026 Thereafter Total minimum lease payments Less: amount of lease payments representing interest Present value of future minimum lease payments Less: current obligations under leases Long-term lease obligations S Operating Leases 944 $ 974 894 866 766 5,307 9,751 (1,992) 7,759 (703) 7,056 S Finance Leases 324 286 369 232 168 636 2,015 (179) 1,836 (280) 1,556
Step by Step Solution
★★★★★
3.47 Rating (160 Votes )
There are 3 Steps involved in it
Step: 1
a Operating leases 2022 944 2023 974 2024 894 2025 866 2026 76...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started